LME Zinc: Accumulate At Lower Range

Report For Date 06/02/2017

LME Zinc - (Price figures in $/Ton)

Exit long and distribution long position to take profits at 27833-2798.

Resistance will be at 2833-2898-3077.

Expect near term correction or sideways volatility.

Lowe range for the week can be 2718-2539.

Weekly Levels For LME Zinc

STRATEGY	CLOSE	DRV	TREND	Trend Price	Trend Date	L1	L2	CP	L3	L4
Distribution	2783.0	2465.3	UP	1716	5.02	2539	2718	2833	2898	3077

Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.